Primecap Management Co. CA increased its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,804,400 shares of the company's stock after buying an additional 40,000 shares during the period. Primecap Management Co. CA owned 0.22% of Mobileye Global worth $35,944,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MBLY. Parkside Financial Bank & Trust raised its position in Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after purchasing an additional 737 shares in the last quarter. Versant Capital Management Inc raised its position in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after purchasing an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Mobileye Global during the fourth quarter valued at approximately $30,000. Quarry LP acquired a new position in Mobileye Global during the third quarter valued at approximately $31,000. Finally, Global Retirement Partners LLC raised its position in Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after purchasing an additional 932 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have commented on the stock. Piper Sandler boosted their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday. Barclays upped their price target on shares of Mobileye Global from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group upped their price target on shares of Mobileye Global from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Royal Bank of Canada reiterated a "sector perform" rating and set a $11.00 price target on shares of Mobileye Global in a report on Thursday, December 5th. Finally, Oppenheimer began coverage on shares of Mobileye Global in a report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Mobileye Global presently has an average rating of "Hold" and an average price target of $22.24.
Read Our Latest Stock Report on Mobileye Global
Mobileye Global Stock Up 2.2 %
MBLY traded up $0.32 during trading on Friday, reaching $14.56. 2,136,064 shares of the stock traded hands, compared to its average volume of 5,187,236. The stock has a market capitalization of $11.81 billion, a PE ratio of -3.81, a P/E/G ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $34.00. The stock's 50-day moving average is $16.11 and its 200 day moving average is $15.61.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. As a group, equities research analysts anticipate that Mobileye Global Inc. will post 0.01 EPS for the current year.
About Mobileye Global
(
Free Report)
Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.
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